In: Finance
Problem 19-05
Three investments cost $5,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one decimal place.
| Year | A | B | C | |||
| 1 | $ | 1,900 | $ | 2,900 | $ | 0 | 
| 2 | 1,900 | 2,200 | 900 | |||
| 3 | 1,900 | 1,200 | 1,300 | |||
| 4 | 1,900 | 900 | 4,200 | |||
| 5 | 1,900 | 600 | 7,200 | 
Payback for A: ____ years
Payback for B: ____ years
Payback for C: ____ years